Which of the following items do NOT correctly describe an aspect of mercantilism and trade liberalism? (Mark 2 items) Group of answer choices A subproduct of mercantilism was the first wave of modern colonialism, which consisted in privileged relations between the metropole and its colonies; Mercantilism did not prohibit, but did not favor protectionism much. In this sense it was similar to economic liberalism started by Adam Smith; Mercantilism also involved an intellectual tradition which saw positive trade balances as the means for national development; Different from mercantilism, trade liberalism of the 1800s, was not a violent system. All countries peacefully agreed to join the world trade system organized around the British empire. Mercantilism was a political economy system with the European “business classes” monarchs of the 1500s and 1600s and at its center; Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Which of the following items do NOT correctly describe an aspect of mercantilism and trade liberalism? (Mark 2 items) Group of answer choices A subproduct of mercantilism was the first wave of modern colonialism, which consisted in privileged relations between the metropole and its colonies; Mercantilism did not prohibit, but did not favor protectionism much. In this sense it was similar to economic liberalism started by Adam Smith; Mercantilism also involved an intellectual tradition which saw positive trade balances as the means for national development; Different from mercantilism, trade liberalism of the 1800s, was not a violent system. All countries peacefully agreed to join the world trade system organized around the British empire. Mercantilism was a political economy system with the European “business classes” monarchs of the 1500s and 1600s and at its center;
Note:-
- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
- Answer completely.
- You will get up vote for sure.
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